Banca de QUALIFICAÇÃO: Juliana Cardoso Amaral

Uma banca de QUALIFICAÇÃO de MESTRADO foi cadastrada pelo programa.
DISCENTE : Juliana Cardoso Amaral
DATA : 04/06/2020
HORA: 14:00
LOCAL: Online, por meio de videoconferência
TÍTULO:

Financial Constraint and Investment-Cash Flow Sensitivity in the Brazilian Eletric Energy Sector Firms

PALAVRAS-CHAVES:

Investment-cash flow sensitivity; financial constraint; eletric energy sector; investment decisions; financing

PÁGINAS: 75
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Administração
RESUMO:

In addition to the operational routines, the financial decision-making process in companies basically involves the analysis of projects that offer the best risk-return ratio and the sources of resources to finance these investments. In this context, considering the existence of market imperfections, financing costs, as well as access to these external resources, can cause different levels of financial restrictions for companies, a fact that makes them dependent on internal resources for the execution of their projects. . The objective of this work will be, through the use of quantile regression with panel data, to analyze how financial constraints influence the investment sensitivity relationship of the cash flow in the Brazilian eletric energy  sector firms in the period from 2009 to 2018. In order to ensure the appropriate specification of the models, in addition to the cash flow, will be added to the econometric model the variables tangibility of assets, financial leverage and Tobin's Q, representing the investment opportunities of firms. As a criterion for a priori classification of companies into financially restricted and unrestricted groups, the following indicators will be used: dividend distribution, size of the firm, return on investment (ROA), level of corporate governance and interest coverage index.

 

MEMBROS DA BANCA:
Interno - FELIPE DIAS PAIVA
Externa à Instituição - FLAVIA VITAL JANUZZI - UFJF
Externa à Instituição - JOYCE MARIELLA MEDEIROS CAVALCANTI - UnP
Presidente - LAISE FERRAZ CORREIA